Description

For undergraduate and MBA courses in Accounting and Finance.

Gain a complete grounding in Accounting and Finance and develop skills to work with financial information

Accounting and Finance: An Introduction 10th Edition by Eddie McLaney and Peter Atrill contains all the information on Accounting and Finance that students need to start their career in business. With an emphasis on introducing topics in a step-by-step and accessible way, students will be taught how to understand and use financial information and reports, and will gain an appreciation of the key roles that both accounting and finance have to play in business decision-making. This bestselling text continues to be popular on introductory courses, and makes the experience of learning about accounting and finance relevant and practical through its use of real numerical accounting techniques, the inclusion of important international financial standards, an increased number of activities to encourage learning in an active way, and through a range of relevant, real-world examples, many of which are new to this edition.

Features

• Clearly introduces key principles of Financial Accounting, Management Accounting and Finance
• Retains its focus on decision making to prepare students for a career in business, and centres learning around how businesses use financial information
• Uses a step-by-step approach to teach concepts and techniques, equipping students with everything they need to master essential topics and develop their own knowledge and skills in applying concepts in accounting, including analysing and using financial data provided in company reports.
• Brings concepts alive with relevant, real-life examples and integrated activities
• Every chapter contains Real World examples, based on well-known businesses, illustrating techniques used in business. Real World examples help students recognise course concepts in action and make connections with issues they may deal with in their careers.
• Activities and exercises integrated throughout the book provide excellent opportunities to test students’ knowledge of core ideas and to develop critical thinking.
• Clear explanations of standards and wider frameworks, such as the IASB’s Conceptual Framework and the UK Corporate Governance Code which have had details revised for this edition. This places accounting in a wider context and demonstrates the relevance of these to performing key activities of a business.
• Section on revenue recognition has been altered to reflect recent changes in accounting rules.
• Revised definitions of certain key terms have been re-tooled wherever they occur in the book, to reflect the way these are now to be understood according to developments in recent years. This includes the definitions of assets and liabilities.
• Clearer explanations are given for important concepts such as the prudence convention and Z-score analysis, providing what students need to know for these topics.

New to this Edition

Brings concepts alive with even more relevant, real-life examples and integrated activities

• New and updated Real World examples, based on well-known businesses, which illustrate techniques used in business. Real World examples help students recognize course concepts in action and make connections with issues they may deal with in their careers.

• Updated for this edition, the activities and exercises integrated throughout the book provide excellent opportunities to test students’ knowledge of core ideas and to develop critical thinking. A full set of solutions is provided, some within the book and some as a download available for lecturers, found in the Instructor’s Manual at go.pearson.com/uk/he/resources.

 

Refreshed content reflecting changes in key definitions and financial standards

• Updated to include the latest revisions to the IASB’s Conceptual Framework and the UK Corporate Governance Code. This places accounting in a wider context and demonstrates the relevance of these to performing key activities of a business.

• Section on revenue recognition has been revised to reflect recent changes to accounting rules.

• Definitions of certain key terms have been re-tooled wherever they occur in the book, to reflect the way these are now to be understood according to developments in recent years. This includes the definitions of assets and liabilities.

• Clearer explanations are given for important concepts such as the prudence convention and Z-score analysis, providing what students need to know for these topics. 

 

Better quality exercises and additional problems to assign in MyLab Accounting for practice and formative or summative assessment

• For this 10th edition, over 45 previously static questions have been turned into algorithmic ones, which means that each student works on a numerical problem that is individual to him or her. This brings the total number of algorithmic questions in MyLab to over 400.

• There are now over 1650 exercises in MyLab that can be selected and assigned for formative or summative work. Students can view their results and instructors can track student performance in the sophisticated Gradebook.

• The feedback given in MyLab to students in response to their answers has been improved for over 275 questions in the most used chapters. This provides a greater quality of response at their point of need to help them learn from their incorrect answers and progress in their learning.

Table of Contents

Preface

How to use this book

Acknowledgements

Part I Financial accounting

1. Introduction to accounting and finance

2. Measuring and reporting financial position

3. Measuring and reporting financial performance

4. Accounting for limited companies (1)

5. Accounting for limited companies (2)

6. Measuring and reporting cash flows

7. Analysing and interpreting financial statements

 

Part II Management accounting

8. Making management decisions

9. Cost–volume–profit analysis

10. Full costing

11. Costing and performance evaluation in a competitiveenvironment

12. Budgeting

13. Accounting for control

 

Part III Financial management

14. Making capital investment decisions

15. Financing a business

16. Managing working capital

 

Part IV Supplementary information

Appendix A Recording financial transactions

Appendix B Glossary of key terms

Appendix C Solutions to self-assessment questions

Appendix D Solutions to critical review questions

Appendix E Solutions to selected exercises

Appendix F Present value table

 

Index

Back Cover

Gain a complete grounding in Accounting and Finance and develop skills to work with financial information

Accounting and Finance: An Introduction 10th Edition by Eddie McLaney and Peter Atrill contains all the information on Accounting and Finance you need to start your career in business. With an emphasis on introducing topics in a step-by-step and accessible way, you will be taught how to understand and use financial information and reports, and will gain an appreciation of the key roles that both accounting and finance have to play in business decision-making. This bestselling text continues to be popular in universities and business schools, and makes the experience of learning about accounting and finance relevant and practical through its use of real numerical accounting techniques, the inclusion of important international financial standards, an increased number of activities to encourage learning in an active way, and through a range of relevant, real-world examples, many of which are new to this edition. Covering financial accounting, management accounting and financial management in a single text, this book is focused on providing you with the tools you need to make informed, successful business decisions.

 

New to the 10th Edition:

• Latest revisions to the IASB’s Conceptual Framework and to the UK Corporate Governance Code
• New and updated Real World examples to illustrate accounting concepts and techniques by connecting them to financial decisions of real companies
• More activities throughout the text to encourage student interaction and to develop critical thinking
• Revised section on revenue recognition to reflect recent changes to accounting rules
• Revised definitions of key terms, including assets and liabilities, to reflect recent developments
• Clearer explanations provided for important concepts such as the prudence convention and Z-score analysis

 

Also available with MyLab Accounting

MyLab™ is the teaching and learning platform that empowers you to reach every student. By combining trusted author content with digital tools and a flexible platform, MyLab personalises the learning experience and improves results for each student. MyLab Accounting for this textbook includes over 1700 questions to assign to your students, now including a larger number of algorithmic questions (more than 300) that require different numerical responses each time.

 

 

Eddie McLaney is an academic author with several years of experience of teaching Accounting and Finance. He was formerly the Accounting Subject Group Leader and Principal Lecturer in Accounting and Finance at Plymouth Business School, Plymouth University.

 

Peter Atrill is a freelance academic and author who has worked with leading institutions in the UK, Europe and South-East Asia. As well as having worked as a business consultant, he was previously Head of Business and Management and Head of Accounting and Law at Plymouth Business School, Plymouth University.

 

 

Pearson, the world’s learning company.

 

Author

Eddie McLaney is an academic author with several years of experience of teaching Accounting and Finance. He was formerly the Accounting Subject Group Leader and Principal Lecturer in Accounting and Finance at Plymouth Business School, Plymouth University.

 

Peter Atrill is a freelance academic and author who has worked with leading institutions in the UK, Europe and South-East Asia. As well as working a business consultant, he was previously Head of Business and Management and Head of Accounting and Law at Plymouth Business School, Plymouth University.